PI Global Investments
Precious Metals

Dundee Precious Metals (TSE:DPM) Stock Passes Above Two Hundred Day Moving Average of $9.04


Dundee Precious Metals Inc. (TSE:DPMGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.04 and traded as high as C$10.40. Dundee Precious Metals shares last traded at C$10.29, with a volume of 787,673 shares traded.

Analyst Ratings Changes

Several brokerages have commented on DPM. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the stock a “buy” rating in a research report on Thursday, February 29th. Stifel Nicolaus boosted their price objective on Dundee Precious Metals from C$12.25 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets boosted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research report on Wednesday, December 13th. Royal Bank of Canada lowered their price objective on Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 20th. Finally, Scotiabank lowered their price target on Dundee Precious Metals from C$13.50 to C$13.25 in a research report on Thursday, February 15th.

Get Our Latest Analysis on Dundee Precious Metals

Dundee Precious Metals Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 0.04 and a beta of 1.20. The business’s 50-day simple moving average is C$9.28 and its 200-day simple moving average is C$9.04.

Dundee Precious Metals (TSE:DPMGet Free Report) last released its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The business had revenue of C$189.66 million for the quarter. On average, research analysts expect that Dundee Precious Metals Inc. will post 1.1101322 earnings per share for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a $0.054 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.03%. Dundee Precious Metals’s dividend payout ratio is 16.54%.

Insider Activity at Dundee Precious Metals

In related news, Director Anthony P. Walsh sold 7,200 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares of the company’s stock, valued at approximately C$5,527.50. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$10.13, for a total transaction of C$205,294.58. Also, Director Anthony P. Walsh sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. Insiders have sold 79,790 shares of company stock worth $798,029 in the last ninety days. Company insiders own 0.11% of the company’s stock.

About Dundee Precious Metals

(Get Free Report)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.

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